Dealing with debt can feel overwhelming. You might be juggling multiple bills, struggling to keep up with interest rates, and wondering if there’s a light at the end of the tunnel. Debt settlement can be a helpful option, but it’s important to know how it affects different types of debt before you dive in. Not all debts are created equal, and the best settlement strategy will vary depending on what you owe. This guide will break down debt settlement strategies for various types of debt, helping you find a beneficial resolution for your situation. There are also plenty of alternative debt management options and the legal and financial implications of settlement. Want to learn more? McCarthy Law can make the debt settlement process easier for you, handling all types of debt relief, and can show you how to settle debt for less. Contact us today to learn more. What Are the Different Types of Debts? Before diving into strategies, let’s clarify the two main categories of debt: secured and unsecured. Secured Debt Strategies Secured debts are those backed by collateral, such as a house or car. If you’re unable to make payments, lenders have the right to take back the […]